For those looking at the price of Bitcoins going up for this pledge...just think about what that would mean. It would mean that it is becoming a viable currency if the price is going up. Which would mean that you can use it in more places.

If Bitcoin were to go up to $100/BTC I would not be spending $1000 per month on online goods in addition to my regular spending. I would be going to my local grocery store owner to encourage them to accept Bitcoins. If they do not accept them I would go to local farmers or food collectives. I would find an alternative to the big chains that do not accept Bitcoins. I would talk to local restaurant and bar owners that I frequent and explain Bitcoins to them, tell them that I have 10 BTC to spend per month and that it would benefit them to accept them. I would talk get the word out to mechanics about Bitcoin if my car needs serviced, and go to the one that accepts Bitcoins.

The pledge puts you in the driver seat for Bitcoin. For all of us.

That is the thing...why limit it to just random stuff online. If you are planning on spending 10 Bitcoins per month, you might put the effort in to get those services you spend money on every month to start accepting Bitcoins. Even poor college kids spend more than $100-$200 per month. If even just for food and beer.

Bitcoins are about having a currency you can spend. If you cannot spend just a small bit per month then how do you expect to be able to use it as a currency in the future?

“我將花費至少10 Bitcoins每月只有千，但其他人會做的一樣。”

- Elwar，Bitcoin先鋒（接觸）

截止到報名方式：2011年12月1日
6人報名，994更需要

更多細節
目前Bitcoins沒有使用多少為他們原本打算對，這是作為一個貨幣交換商品和服務。

現在是改變這種狀況與早期Bitcoin開拓者願意一直花費至少10 Bitcoins每月上為所欲為。該基地的開支水平，每月10000 Bitcoins將確保商家有市場在那裡為他們的Bitcoin產品，並將進一步促進活動和增長的Bitcoin市場。

http://www.pledgebank.com/bitcoin1000

I apologize for the bad translation from Google Translate if I am way off.

The 1,000 part is twofold. One is so that people sign up knowing that they are not in this alone. The other is because with more people using Bitcoins for purchases, the more prices will stabilize. If you just try to spend 10 Bitcoin on your own and find that the fluctuations are too much, then you might get discouraged and you will be more likely to not continue. But if enough people do it all at the same time, then prices will become more stable and it will grow as a currency from there.

I encourage people to spend on goods with or without the pledge, but I think 1000 people could make an impact. There are 500 people logged into this forum right now. We should be able to get 1000 people to actually do what Bitcoin is intended to do.

See my sig for help with that.

            VVV

6 pledges so far

Or maybe we phase out POS purchases completely...

True, even 100 people would have a big impact compared to the amount of Bitcoin spending going on right now.

But I was figuring that I would be inundated by naysayers saying "10,000 Bitcoins is a drop in a bucket compared to 6 million Bitcoins in supply". 1 million Bitcoins being spent per month would be close to the currency of some small countries.

But if we can hit 1000 people. Then we could have a significant impact on spurring the growth of Bitcoin.

I agree.

The 1000 people pledge gives incentive for other people to support it knowing that there will be other people supporting it and they will all have a magnified affect. Instead of just a few people "doing what they can".

Imagine going out into the street with a big wad of cash saying "I sure do wish I could spend this on something"...

Believe me, if you want to spend it, people will give you something to spend it on.

Good question, there are plenty of websites that accept Bitcoin now.

A quick check through https://en.bitcoin.it/wiki/Trade , I would probably start to buy solar panels at http://www.zumbador.com/

I figured I would let people come up with their own routines. I once set myself up with a $100 per paycheck allowance of PayPal money. It was the setting up part that took the most effort. People will stick with it or not based on their own motivations.


If the price were to go up very high, then those who are in on the pledge would be in early and thus have some decent money to spend. Plus it might encourage people to get their 10 BTC for the month by selling things or offering a service.


It is just a pledge. Nobody will go to jail if they waver from the exact wording of the pledge, just as long as they are supporting the original intent.

Which will be helped by having 1000 people who consistently use it pushing the value based on their perception of what they are used to getting for their Bitcoins.

Letting the market control the price as opposed to the exchanges.

The pledge:
"I will spend at least 10 Bitcoins per month but only if 1,000 other people will do the same."

Sign up here:
http://www.pledgebank.com/bitcoin1000


Currently Bitcoins are not being used much for what they were originally intended for, which is as a currency to exchange goods and services.

It is time to change that with early Bitcoin pioneers willing to consistently spend at least 10 Bitcoins every month on whatever they like. This base spending level of 10,000 Bitcoins per month will ensure merchants that there is a market out there for their Bitcoin products and will spur further activity and growth in the Bitcoin market.



Sign the pledge and please let us know here that you have signed up.

The pledge:
"I will spend at least 10 Bitcoins per month but only if 1,000 other people will do the same."

Sign up here:
http://www.pledgebank.com/bitcoin1000


Currently Bitcoins are not being used much for what they were originally intended for, which is as a currency to exchange goods and services.

It is time to change that with early Bitcoin pioneers willing to consistently spend at least 10 Bitcoins every month on whatever they like. This base spending level of 10,000 Bitcoins per month will ensure merchants that there is a market out there for their Bitcoin products and will spur further activity and growth in the Bitcoin market.



Sign the pledge and please let us know here that you have signed up.

The pledge:
"I will spend at least 10 Bitcoins per month but only if 1,000 other people will do the same."

Sign up here:
http://www.pledgebank.com/bitcoin1000


Currently Bitcoins are not being used much for what they were originally intended for, which is as a currency to exchange goods and services.

It is time to change that with early Bitcoin pioneers willing to consistently spend at least 10 Bitcoins every month on whatever they like. This base spending level of 10,000 Bitcoins per month will ensure merchants that there is a market out there for their Bitcoin products and will spur further activity and growth in the Bitcoin market.



Sign the pledge and please let us know here that you have signed up.

Any input?

Should I go forward with this or is it a horrible idea?

Step 1. Deposit $10,000 to Bitcoin Debit exchange.
Step 2. Exchange $10,000 into X Bitcoin.
Step 3. Tell bank the $10,000 was invalid, request refund.
Step 4. Take X Bitcoin wallet and spend however you want.

How was the purchase made? Bitcoin Android?

Buy high and sell low! Mix things up a bit. They will not expect it and you will make out like a bandit!